But if things really do go to hell in a hand-basket, having some profitable currency shorts or whatever other play you make won't matter. Instead, you'd want to go long food and firearms.
So basically, those that are cheerleaders for $5000 gold are essentially hoping for a US Dollar worth 90% less than it does today, massive civil unrest, and government collapse. Even if I make a million on a leveraged trade, I may not be able to cash out of the trade, receiving a check from my broker. And even if I could cash out, that million would only be worth 100K in present day US Dollars.
So at that point, it wouldn't really matter. I'd still have to deal with the consequences of shortages in food, heating oil, and a change in government.
Nobody is safe in this environment. So perhaps instead of fucking around trying to find an opportunity in speculating on future currency movements, my time might be better spent in trying to wake people up to the problems we face.
Seriously, this huge crap can't be fixed unless we see yet another war. It can be stalled, but not fixed. It's just too much and US can't do anything about it, only loan will increase during the time. It wouldn't be the first time to happen for that reason.
You're probably right. WWII effectively destroyed half of the world's productive capacity, allowing us to concentrate on building infrastructure and producing goods with little competition. It's too bad that now we cannot fund a WWIII military excursion unless we destroy the nation through hyperinflation, which is exactly what the Weimar Republic did. A trade war with China could turn into an outright war, and there's no chance of them loaning us money at that point. Nobody will.
Basically, millions of people have to killed and productive capital has to be destroyed for the US to remain on this path. But it's not a possible, nor desirable, outcome.
So basically, those that are cheerleaders for $5000 gold are essentially hoping for a US Dollar worth 90% less than it does today, massive civil unrest, and government collapse. Even if I make a million on a leveraged trade, I may not be able to cash out of the trade, receiving a check from my broker. And even if I could cash out, that million would only be worth 100K in present day US Dollars.
So at that point, it wouldn't really matter. I'd still have to deal with the consequences of shortages in food, heating oil, and a change in government.
Nobody is safe in this environment. So perhaps instead of fucking around trying to find an opportunity in speculating on future currency movements, my time might be better spent in trying to wake people up to the problems we face.
Seriously, this huge crap can't be fixed unless we see yet another war. It can be stalled, but not fixed. It's just too much and US can't do anything about it, only loan will increase during the time. It wouldn't be the first time to happen for that reason.
Basically, millions of people have to killed and productive capital has to be destroyed for the US to remain on this path. But it's not a possible, nor desirable, outcome.
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